2021-03-31-accounts

Contents		Page
Board of Trustees' Report		1-6
Independent Auditor's Report		7-10
Statement of Financial Activities
Balance Sheet		12
Statement of Cash Flows		13
Notes to the Financial Statements		14-25
Management Information Schedule	—unaudited	26

	Restricted	Unrestricted	Total Funds	Restricted	Unrestricted	Unrestricted	Total Funds
	Funds	Funds	2021	Funds	Funds		2020
	2021	2021		2020	2020
							E
				E	E
Income From:
Donations (note 6)		1,345	1,345	50,000	1,141		51&141
Charitable activities:
Residents' fees (note		2,602,383	2,602,383		2,623,339		2,623,339
4)
Other income (note 5)	169,769	4,032	173,801		18,765		18,765
Investments (note 6)		212	212			659	659
Total income	169,769	2,607,972	2,777,741	50,000	2,643&904		2,693,904
Expenditure on:
(note 7)
Charitable activities:
-Cost of residents	181,412	2,704,511	2,885,923	10,765	3,092,069		3,102,834
Total expenditure	181,412	2,704,511	2,885,923	10,765	3,092,069		3,102,834
Net income/	(11,643)	(96,539)	(108,182)	39,235	(448,	165)	(408,930)
(expenditure)
Net Movement in	(11,643)	(96,539)	(108,182)	39,235	(448,	165)	(408,930)
funds
Funds balances at 1
April 2020 (note 18)	346,575	1,103,660	1,450,235	307,340	1,551,825		1,859,165
Transfer of funds
Funds balances at 31
March 2021 (note 18)	334,932	1,007,121	1,342,053	346,575	1,103,660		1,450,235

			BALANCE	SHEET AS	AT
			31 MARCH 2021
			Notes		2021	2020
Fixed assets
Tangible assets					1,324,948		1,365,552
Current assets
Stock			12	13,657		7,931
Debtors			13	388,094		430,745
Cash at bank and in	hand			127,671		60,116
Total current assets				529,422		498,792
Liabilities
Creditors —amounts within one year	falling	due	14	~462,317)		414,109)
Net current assets					67,105		84,683
Total assets less current		liabilities			1,392,053		1,450,235
Creditors- amounts	falling	due
after one year			17		(50,000)
Net assets					1,342,053		1,450,235
Income Funds:
Unrestricted funds			18,19		1,007,121		1,103,660
Restricted funds			18,19		334,932		346,575
Total Charity funds					1,342,053		1,450,235

			Notes	2021		2020
				E		E
Cash flows from	operating
activities
Net cash provided	by operating
activities			15		28,258		32,342
Cash flows from	investing
activities
Purchase of tangible fixed		assets	11	(10,915)		(88,432)
Interest received				212		659
					(10,703)		(87,773)
Cash flows from financing
activities				50,000
Net cash provided	by financing
activities					50,000
Increase/(decrease) in cash and
cash equivalents	in the year				67,555		(55,431)
Cash and cash equivalents		at the
beginning on the	year				60,116		115,547
Total cash and cash equivalents
at the end of the	year				127,671		60,116

Tangible	fixed assets an	fixed assets an	d depreciation	d depreciation
Tangible	fixed assets are		recorded at cost, depreciated		on a straight	line basis and written
off over their estimated			useful lives at the following rates:-
Freehold	building			2%	on cost
Fixtures,	fittings	and equipment		20%	on cost
Motor vehicles				20%	on cost
Computer				25%	on cost

ncome from		charitable ac	tivit	ies
					2021	2020
					E	E
Residents'	fees				2,625,092	2,623,339
Irrecoverable		expenditure	for	residents	(22,709)
Government		grants			169,769
					2,752,152	2,623,339

ther i	ncome
		2021	2020
		E	E
Rent		3,400	4,080
Sundry	income	632	14,685
		4,032	18,765

Expenditure
		2021	2021	Total
		Activities		2021
		undertaken	Support costs
Costs directly allocated to
charitable activities
Staff costs		1,405,001		1,405,001
Legal Et professional	/ payroll		50,895	50,895
Et bookkeeping fees
Motor expenses		2,993		2,993
Repairs and renewals		89,652		89,652
Depreciation		51,519		51,519
Domestic expenses		353,643		353,643
Other related service	costs	851,242		851,242
Other expenses		80,978		80,978
		2,835,028	50,895	2,885,923
		2020	2020	Total
		Activities		2020
		undertaken	Support costs
Costs directly allocated to
charitable activities
Staff costs		1,480,712		1,480,712
Legal 6 professional	/ payroll		57,146	57,146
Et bookkeeping fees
Motor expenses		2,920		2,920
Repairs and renewals		82,419		82,419
Depreciation		70,292		70,292
Impairment of fixed	assets	350,320		350,320
Domestic expenses		360,423		360,423
Other related service costs		569,145		569,145
Other expenses		129,457		129,457
		3,045,688	57,146	3, 102,834

Net income	for the year	for the year
					2021	2020
This is stated after charging:					E	E
Impairment	of tangible	fixed assets	(note 11)			350,320
Audit fees					8,492	8,408
Depreciation					51,519	70,292
Other services provided		by auditor	(included	in legal and professional)	600

9	Analysis of staff costs, trustee remuneration	and the cost of key management personnel	and the cost of key management personnel
9.1	Staff costs
		2021	2020
		E	E
	Wages and salaries	1,271,647	1,352,137
	Social security costs	101,096	107,928
	Pension costs	32,258	20,647
		1,405,001	1,480,712

he emolu	m	ents of higher paid employees fell with	in the following ranges:
			2021	2020
			No.	No.
E60,000	-	670,000	1	1

									No.	No.
Average	weekly	number	of	employees	during	the	year	was
Nursing	staff								63	62
Administration									5	3
									68	65

			At 1			At 31
Cost			April 2020	Additions	Disposals	March 2021
			E	E	E	E
Freehold	building		1,300,000			1,300,000
Fixtures,	fittings	and equipment	129,581	4,545		134,126
Motor vehicle			19,274			19,274
Computers			7,241	6,370		13,611
			1,456,096	10,915		1,467,011
Depreciation			At 1 April 2020	Charge for year	Disposats	At 31 March 2021
			f.	E	E	E
Freehold	building			26,000		26,000
Fixtures,	fittings	and equipment	70,987	23,062		94,049
Motor vehicle			19,274			19,274
Computers			283	2,457		2,740
			90,544	51,519		142,063

Net book	value		At 1 April 2020 E	At 31 March 2021
				E
Freehold	building		1,300,000	1,274,000
Fixtures,	fittings	and equipment	58,594	40,077
Motor vehicle
Computers			6,958	10,871
			1,365,552	1,324,948

12	Stock						2021	2020
							E	E
	Food and consumable		supplies				13,657	7,931
13	Debtors
	Due within one year						2021	2020
							E	E
	Residents' Fees						280,711	344,036
	Other debtors						9,655	32,357
	Prepayments and accrued income						97,728 388,094	54,352 430,745
14	Creditors
	Amounts falling due		within one	year:			2021	2020
							E	E
	Trade creditors						117,875	248,994
	Taxation and Social		Security				46,258	23,325
	Accruals and Other		Creditors				276,758	117,987
	Deferred income						21,426	23,803
							462,317	414,109
15	Reconciliation ofnet income			to net cash	from operating	activities
							2021	2020
							E	E
	Net income/(expenditure) for			the year			(108,182)	(408,930)
	Depreciation and amortisation			of tangible	fixed assets		51,519	70,292
	Impairment of tangible assets							350,320
	Interest received						(212)	(659)
	Decrease/(increase)		in stock				(5,726)	881
	Decrease/(increase)		in debtors				42,651	(164,370)
	(Decrease) /increase		in creditors				48,208	184,808
	Net cash provided	by operating		activities			28,258	32,342

		2021	2020
		E	E
Balance	as at 1 April 2020	23,803
Release	of deferred income	(23,803)
Income	deferred in year	21,426	23,803
Balance	as at 31 March 2021	21,426	23,803

				2021	2020
				E	E
Bank	loans	and	overdrafts	50,000
				50,000

8 Funds
							Balance
			Balance at			Transfer	at 31
			1 April 2020	Incoming Resources	Resources Expensed	between funds	March 2021
			E	E	E	f	E
Restricted general		funds
New wing fund			62,000		(2,000)		60,000
Generator fund			10,000				10,000
Eric Fisher wing	fund		224,697		(8,643)		216,054
Lift fund			49,878		(1,000)		48,878
Covid-19 support		grants		169,769	(169,769)
Total restricted	funds		346,575	169,769	181,412)		334,932
Unrestricted funds
Unrestricted funds			1,103,660	2,607,972	(2,704,511)		1,007,121
Total unrestricted		funds					1,007,121
Total funds			1,450,235	2,777,741	(2,885,923		1,342,053

			Balance at			Transfer	Balance at
			1 April 2019	Incoming Resources	Resources Expensed	between funds	31 March 2020
			E	E	E	E	E
Restricted general		funds
New wing fund Generator fund			64,000 10,000		(2,000)		62,000 10,000
Eric Fisher wing	fund		233,340		(8,643)		224,697
Lift fund				50,000	(122)		49,878
Total restricted	funds		307,340	50,000	10,765)		346,575
Unrestricted funds
Unrestricted funds			1,551,825	2,643,904	(3,092,069)		1,103,660
Total unrestricted		funds	1,551,825	2,643,904	(3,092,069)		1,103,660
Total funds			1,859,165	2,693,904	(3,102,834)		1,450,235

		2021	2021
		Unrestricted	restricted
		funds	funds	2021 Total
		E	E	E
Tangible	fixed assets	1,000,016	324,932	1,324,948
Current	assets	519,422	10,000	529,422
Current liabilities Non-current liabilities		(462,317) 50,000		(462,317) ~50,000)
Total net assets		1,007,121	334,932	1,342,053
		2020	2020
		Unrestricted	restricted
		funds	funds	2020 Total
		E	E	E
Tangible	fixed assets	1,028,977	336,575	1,365,552
Current	assets	488,792	10,000	498,792
Current	liabilities	(414,109)		(414,109)
Non-current liabilities
Total net assets		1,103,660	346,575	1,450,235

		2021	2020
		E	E
In	one year or less	3,286	3,286
In	more than one year but not more than five years	2,411	5,264
		5,697	8,550

				FOR	THE YEAR ENDED	3'I MARCH 202	I
					2021			2020
					E	E
Income
Residents' fees						2,625,092			2,623,339
Irrecoverable expenditure		for	residents			(22,709)
						2,602,383			2,623,339
Grant income						169,769
Bank interest						212			659
Rent receivable						3,400			4,080
Donations						1,345			51,141
Sundry income						632			14,685
						2,777,741			2,693,904
Expenditure
Salaries, wages and national			insurance		1,372,743		1,460,065
Pension related costs					32,258		20,647
Agency staffing costs					851,242		569,145
Domestic expenses
Fuel, gas and electricity					85,480		95,113
Household and laundry					173,427		162,874
Water rates					20,355		17,657
Insurance					30,119		27,847
Medical expenses					37,542		48,972
Chiropody					6,720		7,960
Repairs and modernisation					89,652		82,419
Administration expenses
Postage and stationery					3,554		2,413
Recruitment expenses					800		9,038
Telephone and fax					3,367		1,791
Bank charges and interest					423		802
Subscriptions					14,203		8,399
ITexpenses					23,445		12&894
Staff training courses					1,880		10,298
Miscellaneous expenses
Depreciation					51,519		70,292
Bad debt write off							63,829
Motor expenses					2,993		2,920
Audit/accountancy	fees				8,492		12,383
Legal Et professional/payroll			8 bookkeeping	fees	42,403		44,763
Sundry expenses					15,129		8,402
Entertainment					428		2,980
Staff uniforms					6,413		3,361
Bank interest paid							80
Travel expenses					11&336		4,170
Charitable donations							1,000
Impairment							350,320
Total expenditure						(2,885,923)			(3,102,834)
Deficit for the year						(108,182)			(408,930)